Historically low interest rates and incredibly high service.
Interest rates are at historic lows, making now the time to buy or refinance your
existing home. Locking in at a low fixed rate could save you thousands, freeing
up cash to pay down other debt or apply towards savings. Our experienced loan officers
will guide you through the paperwork, help you understand the process and provide
a quick turnaround.
Bank of American Fork is also offering no mortgage origination fee when you get
both your construction and mortgage loans from Bank of American Fork.* When you
take advantage of this offer, you could potentially save thousands.
Learn more about this offer. Sweeten the deal by purchasing one of our
deeply discounted lots and your savings are even greater (15 to 30
percent down payment required on lots purchased from the Bank).
We offer a variety of mortgage loans for first-time mortgages or refinances to fit
your specific needs, including:
- Fixed-Rate Mortgage: Mortgage interest rate does not change throughout
the life of the loan. When market rates go up or down, your interest rate will stay
the same. This type of mortgage is good for people who plan to stay in their home
- Adjustable-Rate Mortgage: Mortgage interest rate changes with the market
rates. Your Annual Percentage Rate ("APR") may increase after the loan
is closed based on market conditions. This loan may be more cost effective if you
don't plan on being in your home for very long.
- FHA / VA Mortgage: Federal Housing Administration (FHA) or Department
of Veterans Affairs (VA) loans are federally insured mortgage loans that allow people
to get into a home with little or no down payment. There are limits to how much
you can borrow. These loans give you more flexibility and leniency if you experience
a financial hardship.
- Utah Housing Mortgage: A mortgage loan in partnership with the state
of Utah to help low-income families get into a home. These loans tend to have a
lower interest rate and down payment. You must meet requirements outlined by the
Utah Housing Corporation.
- Jumbo Mortgage: Mortgage loan that allows you to borrow larger
amounts of money. This loan is above $417,000. Because it is a higher-risk loan, your
interest rate may be higher.
- Investment / Second Home Mortgage: A mortgage loan for any house that
is not your primary residence. This type of loan may have a higher interest rate
and additional requirements to qualify.
Don't let historically low interest rates pass you by.
Download an application or contact
us to learn more.
Mortgage Loan Originator NMLS List
* The mortgage must follow a construction loan originated on or before December
31, 2013. Only valid in Utah, Salt Lake, Davis, Weber, Tooele, and Wasatch counties.
Subject to credit approval.